Kumowizard

Still in the wedge, swing bearish only below 2435

Short
FX:SPX500   S&P 500 Index
9
Daily:
- Bullish setup, price is still win the possible bearish wedge
- Heikin-Ashi is bullish, but haOscillator is a question

4H:
- Bullish setup with some possible pull back now signalled by Heikin-Ashi

As you see, this market will be swing bearish only below 2435, where we have daily Tenkan Sen, Wedge and 4H Kumo,100WMA supports.

Based on daily setup, real bearish action would start only below Kijun Sen, which is at 2400 now.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.